Massive Kraken ETH Withdrawals Surge to Over 32,000 ETH Worth $90M in 9 Hours

On July 10, on-chain analyst Yu Jin identified a significant withdrawal of 6,998 ETH from Kraken, equating to roughly $19.35 million. This transaction is part of a broader trend, with a cumulative 32,566 ETH withdrawn over the last nine hours, totaling approximately $90.16 million. Prior reports from COINOTAG highlighted an earlier withdrawal of 25,567 ETH valued at $70.66 million within an eight-hour window. These sizable outflows from Kraken underscore notable liquidity movements within the Ethereum market, reflecting shifts in investor positioning and potential portfolio reallocations. Monitoring such large-scale transfers is crucial for market participants seeking to understand underlying trends and anticipate liquidity impacts on price dynamics.

‘,
‘

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,
‘

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!

‘
];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();